Here’s Where Ethereum Could Finally Bottom Out Against Bitcoin, According to Crypto Analyst
Popular crypto analyst Altcoin Sherpa says that Ethereum (ETH) is likely approaching a cycle bottom in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 230,000 followers on the social media platform X that ETH/BTC will likely bottom once Bitcoin has completed its breakout rally. “I know everyone’s talking about altseason now and nobody wants that more than me. However, I think that BTC has to be finished with its run momentarily for alts to run (aka Jan 2021). ETH probably finds a bottom in the next few months vs. BTC. Here or 0.024 are the areas I’m watching.” Source: Altcoin Sherpa/X At time of writing, ETH/BTC is trading at 0.034 BTC worth $3,314. A correction toward the analyst’s bottom target at 0.024 BTC indicates a nearly 30% downside move for the pair. Altcoin Sherpa is also looking at XRP, the native token for the XRP Ledger (XRPL), which is up about 180% just this month. The trader says XRP is one to watch in...